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Business and Economy

OPEC quota rises, crude oil price to impact Nigeria’s 2025 budget

PLAN by the Organisation of Petroleum Exporting Countries (OPEC) and its allies, OPEC+, to increase crude oil output, coupled...

FX, petrol price improve private sector businesses in February – Report

THE relative stability in the foreign exchange (FX) rate and moderation in petrol prices boosted the Nigerian private sector...
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MTN reports N42 billion USSD indebtedness against Nigerian banks

MTN Nigeria Communications Plc has reported a N42 billion Unstructured Supplementary Service Data (USSD) service debt against the deposit...

Power outage hits Presidential Villa, other locations – AEDC

NIGERIAN Presidential Villa, including other locations, have been affected by widespread power outage caused by technical faults in some...
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 FG owes GenCos, DisCos N4trn amid liquidity problems

NIGERIA's power sector is currently experiencing more liquidity problems as the federal government has confirmed its indebtedness to the...

Unity bank financial health in question with over N62bn loss

THE financial health status of Unity bank Plc has raised some unanswered questions about the risk exposure of shareholders'...
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